Risk that cannot be eliminated by diversification is
A. unsystematic risk.
B. systematic risk.
C. default risk.
D. interest-rate risk.
Answer: B
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A taxpayer had AGI of $300,000 in 2018 and AGI of $250,000 in 2017. When filing her 2018 return, she expects her unpaid tax liability to be at least $1,000. She must make estimated payments equal to the smaller of 90% of the tax shown on her 2018 return or
A. 110% of the tax on the 2017 return because 2017 AGI was greater than 2018 AGI. B. 110% of the tax on her 2017 return because 2017 AGI was more than $150,000. C. 100% of the tax on her 2017 return regardless of 2018 AGI. D. 100% of the tax on the 2017 return because 2018 AGI was more than $100,000.
Profitability is best determined from cash flow information
Indicate whether the statement is true or false
An agreement to form an agency relationship must be in writing.
Answer the following statement true (T) or false (F)
Select financial data for Ewing Oil Inc. is provided in the table below. Ewing Oil repurchased $4.75B worth of shares during the year at an average price of $25. How many shares are outstanding at the end of the year?
Ewing Oil Inc. Selected Financial Information Shares outstanding at beginning of Year 1.86B Price at beginning of Year $25 Value of company beginning of Fiscal 46.5B A) 1.67B B) 1.86B C) 1.97B D) 2.05B E) 2.19B